NOT LISTED FOR SALE

38 Reef Rd Cape Elizabeth, ME 04107

Estimated Value: $1,045,000 - $5,300,000

2 Beds
2.5 Baths
3,594 Sq Ft
$928/Sq Ft Est. Value

Last Sold October 25, 2016

Last sale price $1,425,000 $396 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $22,860/month

Highlights

  • 75 Feet of Waterfront
  • Public Beach
  • Deep Water Access
  • Pond Cove Elementary School Rated A
  • Country Club
  • 1.8 Acre Lot

About This Home

As of October 2016

This home is located at 38 Reef Rd, Cape Elizabeth, ME 04107 since 08 September 2016 and is currently estimated at $3,333,809, approximately $927 per square foot. This property was built in 1950. 38 Reef Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

Last Agent to Sell the Property

Timothy Kennedy

Legacy Properties Sotheby's International Realty Listed on: 09/08/2016

Last Buyer's Agent

Susanne Lamb

Town & Shore Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,766

Year Built

  • Built in 1950

Lot Details

  • 1.8 Acre Lot
  • 75 Feet of Waterfront
  • Ocean Front
  • Public Beach
  • Landscaped
  • Level Lot
  • Property is zoned RA/Shoreland

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2 Fireplaces
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Water Views

Kitchen

  • Built-In Oven
  • Cooktop

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Attached Garage
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Private Sewer

Additional Features

  • Deep Water Access
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 13

Community Details

Overview

  • No Home Owners Association
  • The community has rules related to deed restrictions

Recreation

  • Country Club

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,766

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.8
  • Water Body Name: Atlantic
  • MLS Status: Closed
  • Directions: Located in Shore Acres/Trundy Point off Old Ocean House Road.
  • Above Grade Finished Sq Ft: 2544.0
  • Architectural Style: Ranch
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Lot Size Acres -: 1.8
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2544.0
  • Property Information:SqFt Finished Below Grade: 1050.0
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Dining Room:Dining Room: Yes
  • Living Room:Living Room: Yes
  • Primary Bedroom Amenities:Full Bath7: Yes
  • Style:Ranch: Yes
  • Location:Near Public Beach: Yes
  • Bonus Room:Bonus Room: Yes
  • Office:Office: Yes
  • Appliances Included:Cooktop: Yes
  • Appliances Included:Wall Oven: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Oceanfront: Yes
  • Water Info:Waterfront Amount -: 75.0
  • Water Info:Water Frontage Owned -: 75.0
  • Recreational Water:Waterfront Deep: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Location:Near Country Club: Yes
  • Den:Den: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information # Fireplaces: 2
  • Special Features: None

Interior Features

  • Appliances: Wall Oven, Refrigerator, Cooktop
  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1050.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Primary Bedroom w/Bath
  • Full Basement: Yes
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Primary Bedroom Primary Bedroom Level: First

Exterior Features

  • Lot Features: Level, Rolling Slope, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood, Subdivided
  • Waterfront Features: Ocean
  • Waterfront: Yes
  • Construction Type: Shingle Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 78408.0
  • Parcel #: 99999999
  • Zoning: RA/Shoreland

Tax Info

  • Tax Annual Amount: 26766.0
  • Tax Book Number: 8493
  • Tax Lot: 13
  • Tax Map Number: U13
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2021
Sold by
Rinaldi Carmen J and Rinaldi Maria C
Bought by
Rinaldi Maria C
Total Days on Market
0
Current Estimated Value
$3,333,809

Purchase Details

Listed on
Sep 8, 2016
Closed on
Oct 25, 2016
Sold by
Serrage John C and Serrage Elizabeth G
Bought by
Rinaldi Carmen J and Rinaldi Maria C
Seller's Agent
Timothy Kennedy
Legacy Properties Sotheby's International Realty
Buyer's Agent
Susanne Lamb
Town & Shore Real Estate
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.18%
Original Mortgage
$840,000
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rinaldi Maria C -- None Available
Rinaldi Carmen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rinaldi Carmen J $894,600
Previous Owner Rinaldi Carmen J $840,000
Previous Owner Serrage Elizabeth G $275,000
Previous Owner Serrage Elizabeth G $100,000
Previous Owner Serrage Elizabeth G $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2016 10/25/16 Sold $1,425,000 -4.7% $396 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $1,495,000 -- $416 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $49,750 $4,522,700 $2,388,200 $2,134,500
2023 $101,019 $4,521,900 $2,388,200 $2,133,700
2022 $40,631 $1,921,100 $1,212,900 $708,200
2021 $38,921 $1,921,100 $1,212,900 $708,200
2020 $38,256 $1,920,500 $1,212,900 $707,600
2019 $37,795 $1,920,500 $1,212,900 $707,600
2018 $36,528 $1,920,500 $1,212,900 $707,600
2017 $21,832 $1,212,900 $1,212,900 $0
2016 $27,029 $1,541,000 $1,212,900 $328,100
2015 $26,012 $1,541,000 $1,212,900 $328,100
2013 $25,087 $1,541,000 $1,212,900 $328,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Timothy Kennedy

    Legacy Properties Sotheby's International Realty

  • S

    Buyer's Agent in 2016

    Susanne Lamb

    Town & Shore Real Estate

    (207) 233-1115

    41 in this area

    72 Total Sales

    Susanne Lamb
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1281656

Maine Listings

APN: CAPE-013013U

Maine Cumberland County Cape Elizabeth 04107

38 Reef Rd, Cape Elizabeth, ME

This home is located at 38 Reef Rd, Cape Elizabeth, ME 04107 since 08 September 2016 and is currently estimated at $3,333,809, approximately $927 per square foot. This property was built in 1950. 38 Reef Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.

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